St. Paul Offers Single Entry Quotes
NU Online News Service, March 5, 1:14 p.m. EST?The St. Paul Companies have launched a new Web-based tool to help agents obtain single entry, real-time quotes for small commercial products.
According to St. Paul, Minn.-based insurer, the tool was developed to be compatible with other carriers' quoting systems. In the future, the company said the system will "allow agents to obtain multiple quotes from various carriers without having to duplicate data entry into various quoting systems."
"This new system will help agents who have the requisite Applied Systems agency management system [to] save time," said Marc Schmittlein, president-small commercial at St. Paul. "These agents will be able to get quotes from multiple carriers without duplicating data entry into several different carriers' quoting systems."
The new extensible markup language (XML) quoting technology is based on the ACORD XML standard for p-c transactions, said St. Paul. It allows agents to generate real-time quotes directly from their Applied Systems agency management system using IVANS Transformation Station technology.
St. Paul said it is currently testing the quoting solution at several agencies, with pilot programs expected to be completed "within the next couple of months." The company will then offer the new quoting option to any of its agencies that meet the minimum technology requirements and who wish to use the system.
For agents who don't use the Applied Systems agency management software, St. Paul has two other small commercial quoting options. These are SPCQuote, a quoting application currently used by more than 3,000 agencies, and the Business Foundation System, a Web-accessible application that gives St. Paul agencies the ability to quote and service their policies, the company said.
More information is available at www.stpaul.com.
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